“They don’t have difference-makers like they used to,” an NFL scout told me. It’s recruiting and developing players.įor nearly 15 years, Nick Saban and his staff were the best in college football. The fall of Alabama - or whatever you want to call it - isn’t really a secret at all. The existence of a fiduciary duty does not prevent the rise of potential conflicts of interest.Alabama, which has recruited better than anyone in college football over the past 5 years, needed the transfer portal this offseason to fill holes in 3 of those 5 positions. There are no guarantees that working with an adviser will yield positive returns. Working with an adviser may come with potential downsides such as payment of fees This is not an offer to buy or sell any security or interest. We do not manage client funds or hold custody of assets, we help users connect with relevant financial advisors. SmartAssetĭoes not review the ongoing performance of any Adviser, participate in the management of any user’sĪccount by an Adviser or provide advice regarding specific investments. Matching platform based on information gathered from users through our online questionnaire. ("Adviser(s)") with a regulatory body in the United States that have elected to participate in our Services are limited to referring users to third party advisers registered or chartered as fiduciaries Securities and Exchange Commission as an investment adviser. SmartAsset Advisors, LLC ("SmartAsset"), a wholly owned subsidiary of Financial Insight Technology, Photo credit: ©/christophe_cerisier, ©/dobok, ©/DNY59 How you manage your bank accounts prior to and during the refinance process can determine whether your loan application gets the seal of approval. Refinancing can save you a lot of money in the long run if you’re able to lower your interest rate or reduce your payments. If you don’t have statements for your new account showing where the money went, that could work against you when you apply for a refinance. While closing an account won’t hurt your credit score the way getting rid of a credit card would, the bank isn’t likely to look on it favorably. Sure, there are some great account opening bonuses to cash in on these days, but if you’ve got five or six different accounts at several banks, your lender could wonder why you need so many.Ĭlosing accounts is also probably a bad idea, especially if they’ve been open for a while. Try using the free SmartAsset closing costs calculator.Īgain, lenders want to see a certain degree of continuity when it comes to your banking habits so in the month or two prior to refinancing, you might want to steer clear of opening new accounts or closing old ones. If you have to make a large deposit for any reason, it’s a good idea to be prepared to explain why and to provide supporting documents if you have them. Even if there’s a good reason – such as a relative or friend gifting you money for closing costs – the bank may still have concerns over your ability to repay. If your balance increases overnight by thousands of dollars, that’s something the lender’s going to notice. The same thing goes for suddenly making a sizable deposit out of the blue. If you’re planning to make a big purchase in cash, you might be better off deferring it until after the lender gives your refinance the green light. The bank might ask for an explanation and that could cause them to reevaluate your entire application. Pulling a lot of money out of your account is also another potential trouble spot. When a refinance is on the horizon, it can be a good idea to take a hands-off approach so your statements reflect a stable balance history.Ĭompare mortgage refinance rates. This move could give the impression that you’re not very adept at managing your finances. There’s an issue, however, when you’re regularly pulling money out of savings and moving it somewhere else. If you’ve set up regular transfers from your checking to savings, that could work in your favor since you’re growing your balance. The problem is that it can be difficult to see what the bottom line is if you’re constantly transferring money back and forth between accounts. Seeing that you’ve got a nice wad of cash saved up can quell any fears they may have about approving your refinance. Any time a bank lends you money, they’re taking on a certain degree of risk.
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